School facilities: California School Finance Authority.

The California School Finance Authority Act establishes the California School Finance Authority, and authorizes the authority to, among other things, issue revenue bonds to finance or refinance educational facility projects for school districts, charter schools, county offices of education, and community college districts. Existing law defines "education facility" for these purposes to mean any property, facility, structure, equipment, or furnishings used or operated in conjunction with one or more public schools, and specifically including as facilities, among other things, classrooms and sports facilities. Existing law establishes the California School Finance Authority Fund, administered by the authority, and continuously appropriates moneys in the fund for purposes of the act. This bill would revise the definition of "education facility" for those purposes to include California state preschool programs as a public school, and to specifically include housing for professors, teachers, staff, and students as a type of facility covered under the definition. By expanding the purposes for which a continuously appropriated fund may be expended, the bill would make an appropriation.